What is Scotiabank's Forecast for Savaria FY2024 Earnings?

Savaria Co. (TSE:SIS - Free Report) - Stock analysts at Scotiabank issued their FY2024 earnings per share estimates for shares of Savaria in a note issued to investors on Wednesday, January 8th. Scotiabank analyst J. Goldman expects that the company will post earnings per share of $0.99 for the year. Scotiabank currently has a "Outperform" rating and a $25.00 price target on the stock. The consensus estimate for Savaria's current full-year earnings is $1.20 per share. Scotiabank also issued estimates for Savaria's FY2025 earnings at $1.26 EPS.

A number of other brokerages have also recently issued reports on SIS. National Bankshares raised their price objective on Savaria from C$22.00 to C$27.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Desjardins boosted their price objective on shares of Savaria from C$25.00 to C$26.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Finally, Cormark lowered shares of Savaria from a "buy" rating to a "market perform" rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$25.50.

Savaria Trading Down 1.9 %

Shares of SIS traded down C$0.37 during mid-day trading on Monday, reaching C$19.27. The company's stock had a trading volume of 26,607 shares, compared to its average volume of 89,007. The company has a current ratio of 1.94, a quick ratio of 0.91 and a debt-to-equity ratio of 56.50. Savaria has a 52 week low of C$14.75 and a 52 week high of C$23.92. The company's fifty day moving average price is C$21.11 and its two-hundred day moving average price is C$20.55. The stock has a market cap of C$1.37 billion, a PE ratio of 29.65, a P/E/G ratio of 42.72 and a beta of 0.90.

Insider Activity at Savaria

In related news, Senior Officer Jean-Philippe De Montigny acquired 19,545 shares of Savaria stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of C$22.96 per share, with a total value of C$448,753.20. 17.45% of the stock is currently owned by corporate insiders.

Savaria Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, October 31st. Savaria's payout ratio is presently 83.08%.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.